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tv   The Willis Report  FOX Business  October 19, 2012 6:00pm-7:00pm EDT

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sigman, senior vice president for global strategy group. steven, what i will start with you, what happened to your candidate's big mo? >> look at a poll every two minutes you see something different. melissa: there is momentum here. there is a trend here. >> i actually don't think that's right. i think the trend at the end of this week, if anything is pointed back to the president. but much more important --. melissa: what poll would that be? >> the poll of the "rasmussen poll" today, the ipsos poll today, the marist, "wall street journal" polls in iowa and wisconsin show the president up by six and five points and 18 among women. the polls are going all over the place. what they really --. melissa: there are a lot of polls. >> what they show is close race. melissa: byron, to you, do you think there is trend for mitt romney? a lot of people do? >> in florida, i think something is going on in florida and workiig in mitt romney's favor now. no doubt about it. he seems to be moving ahead. this is not a big sign of victory. florida for romney is a state you don't win it you
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die. he has to win a lot of other things other than that florida, if he doesn't pass that bar he doesn't win. this has to be encouraging news as they work in iowa, new hampshire and of course ohio. melissa: doug. gerri: doug i was surprised to see what was going on in ohio. "fox news oll". ahead i cannot see that far. this is the state that romney has to take. >> certainly. there is a clear tightening after the debates. implore data are you seeing the senate race tighten as well? with you start to see that
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with the top of the ticket then you have real momentum. up until now it is a very tight political race without clear evidence one way or another. gerri: the president makes his sixth appearance calling the death of americans not optimal. >> if more americans get killed in is not optimal. >> he did not include the question he said it is not exactly optimal. but for him to use that word in a response? [laughter] i am not a foreign policy expert but the politics is the president has taken
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bertrand also owed to a quiet romney to task to politicizing the issue from practically before happened to get it wrong. gerri: many people would like to debate you on that topic. fox says they have 60 documents from the state department. with the three page cable from chris day bends -- stevens saying he is worried about security he, he has concerns sounding alarms, lawlessness, violence , it is frightening. also complaining about the security. >> this is the big deal.
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one is the lack of security before the attacks comex pressing concern from the ambassador. and the story put out after the attacks. both have taken a hit specifically about attacks -- -- the tax and finding out what this california a new. less than 24 hours later it was a group of guerrillas. it was much more dangerous than the word optimal. gerri: reading a statement from august 8. >> moving from euphoria and back as violent incidents dominate the political landscape. they have been organized they're not random crimes of
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opportunity that this metaksa unlike the to be deterred until they are capable. is that we he says? >> he put politics aside there was evidence in advance insufficient resources at of administration that shows no concerned and the tragic loss of life and a failure to secure the embassy and an ability to come up with a single coherent story. the story does have legs. gerri: it could be the reason of the polls. mitt romney's transition team is working with officials to come up with a plan and americans not
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having to pay $3,500 per year. why does the president say he would rather go over the cliff? he has made it clear. absolutely. you have a wrong. he said he is willing to go over the fiscal clef to bring republicans to his view of taxes. >> when they decided to take the country to the brink of failure in order to meet politics. i'm sure what he is willing to do with reelected is have a balanced approach including a revenue increase and cuts across the board. gerri: the 3500 every family
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has to plug up, what is your assessment of posturing on both sides? >> we cannot go over the fiscal cliff. it is a disservice including all those who claim to be so concerned. not much will be done, of leu aid spending cuts. comeback 2013 to sort out the shortcut. >> last night mitt romney has the sense of humor. >> i am finally relaxed to wear what i wear around house. [laughter] i have seen early reports from tonight's dinner. headline, obama embraced by catholics.
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mitt romney dies with the rich people. >> do you want to have a beer with them? >> it was amusing, he was loose and fenty. his humor had more edge more critical of obama. and he made good use of the night to make a few jokes and the few points. >> mitt romney would not have a beer. [laughter] gerri: they give for coming. great as always. what do think? should president obama apologize to those killed in libya calling their death not optimal? a lot more still to come
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including the warning of your 401(k). another company goes bust taking taxpayer money with it. the biggest flops coming up next.
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gerri: ingesting case you continue to harbor the belief government can do things better witness the spread of the massachusetts based solar company filed for bankruptcy making it the second tax payer company to go up this week. a 123 filed on tuesday. another 100 million out the window. even those who continue to
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operate are struggling. the plant builds taxpayer dollars is supposed to be making batteries for the chevy volt. but employees at the company have so little work to do they spend hours. some cannot take the board down. even the make work project is failing. here's the president there two years ago. >> these will put thousands of people to work including those working at facilities in michigan and from another company called a123. a symbol of where michigan is going, holland is going going, america is going. gerri: assemble? really?
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it was up three and company that received money from u.s. taxpayers. they'll use 228,000 worth of taxpayer dollars even though approved at $3 million. they have struggled financially for years. the power conversion was then steady demand 2011 but they could not translate that into profitability posting losses each year through 2011 and through 2012. not just satcon. 34 of the green energy companies getting assistance are faltering, and going bankrupt, laying people off. heritage estimates of the $90 billion agreed energy loans 10 percent go to those
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under circle the drain. precise they buy government should not be in the business of picking winners or losers. >> you don't just pick winners and losers, you pick losers. >> increase your retirement savings. many americans don't have anything saved at all. trying there hardest to get women voters 70 point* 5 million more women living in poverty today. >> which tests would it takes to hear their issues? ann coulter. later. the 20th anniversary of when the stock market experienced the worst drop in history. could happen again? moody's chief economist gives his report. next.
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gerri:. >> i am here with the average man on the street. are you saving in your four o one okay? of retirement? had do think you have enough ? >> i am worried because i am imams. >> what proportion another and come? >> i tried to say 10 percent >> i think the estimate is 5920%. >> i am really on. i the guy will retire when i am 80. >> do you know, how tired
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you will be? >> the average american, a normal person pays $150,000 over their lifetime in fees. >> my job would hit the floor. >> are you sure? gerri: would you rather not? >> i would rather my employer. >> i would guess under 100. >> that is too much money. gerri: that man thinks americans pay too much money. 150,000 over the course of your life time. a recent survey found seven out of 10 americans don't even know ttey pay fees my next guest, chad, the number is too big?
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>> absolutely. that is a small condo in florida. gerri: four times as much as annual had come most have $25,000 saved. i think people may vote there would be a revolt. but the real problem americans and not saving enough. >> bottom-line there is no immediate gratification. [laughter] we have the microwave society with instant results and we rewarded today. and believe it is biological impossible to think we have a future. gerri: i don't know. look at fees just pay a little bit of attention can make a big difference. if you have $50,000 and you
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pay 32 basis points that is roughly $160 per fees -- per year. if it escalates it is over $1,200. what does that do? >> einstein said compound interest is the wonder of the world. working with you and against you. you don't earn interest on your interest and every year you have less to earn interest on. it is a mathematical formula you needed enter -- illustration. gerri: where you make money on your money for you are encouraged to save more. there is a huge retirement crisis? >> we have the three legged stool. most people in sixties and fifties have that available.
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these people not have the ability to have a pension. social security is projected without major adjustments to lapse and people will not plan on that. gerri: you have to do yourself. the good news the department of labor requires more disclosure. at the very least you should have more information to get them under control. what size is reasonable? >> below were the better. aff -- blogger event half of 1%. we need to take advantage of the incentives. there's a certain amount that becomes excessive.
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what do you think is too much? that is where free-market comes in to offer a different way. gerri: the more information the better. contribute as much as you can i believe it is $7,200,500. it goes up. major the fees is low. gerri: tell your website again. some people not have to worry about the biggest names of sports. with the sweep of the near candies the attention turns to the salaries of the headliners. the biggest contracts are baseball players with no salary cap. number five. of minnesota twins. the eight year contract
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$184 million, $142,000 per game. number four. new york yankees who missed most of the series with a 10 year contract worth $189 million. number three and then another $45 million. the home run derby champion and detroit tigers headed to the world series. nine year, to defer to million-dollar contract. number two. from los angeles signed a contract this year at ending $240 million over 10 years. number one. biggest contract goes to alex rodriguez.
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10 year contract worth $275 million. the yankees still o 114 million. he went three/25 in postseason. in 2001 he signed today $52 million contract with fed texas rangers. he was traded eight years ago. i should have been a baseball player. by a millions of dollars are spent on flat screen tvs and waterfalls. the president and romney tried to include women voters. are they being pandered? ann coulter tells us next.@ ♪ everyone has gls.
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gerri: 30 times often the word women was said during the debate. both candidates are out trying to get the women's vote but it sounds like pandering. ann coulter author of mud to i want to start with the view a controversial interview. >> when he was governor he was pro-choice and now is against abortions except in the life of the mother. what are your views? >> talking to the mother's of children who are coming home from bags. >> when you face the mothers whose children who have not comeback how will you
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explain to them your son's have not gone? [laughter] >> you celebrate its 20th wedding anniversaries. >> come on. we wonder why eight obama collapsed in the first debate. this is what he is used to. the president is always a little bit like this but obama is there darling not only a liberal and he is half black. the affirmative action in candidate for you wonder why when he is up against mitt romney he is not so good. gerri: he does have kid glove treatment.
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talk about his approach to women. >> reduce a you are for equal pay for equal work but you refused to say if you would sign the bill for that, you may have romney and the show. if you do have romnesia obamacare is free. >> this president has failed america is when. they suffer in terms of getting jobs, falling into poverty, a presidency has not helped america's women. gerri: what matters to women? >> having a job would be more useful than free birth control cents wal-mart sells it for $9.
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gerri: $9. $9. sometimes i think this is from 1965. it is not romney who is the fuddy-duddy. >> equal pay for equal work has been on the books since 1965. this is crazy with the lilly ledbetter act. those rules were honored with the romney administration in massachusetts. every time they tried to hit them it comes back hitting harder. now we find out how fantastic he was to promote qualified women women were not paid as well in the obama administration were apparently msnbc. [laughter] gerri: i don't know about that. and white house female staffers earned $11,000 less.
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then christina romer said i felt like a piece of meat in the obama administration. [laughter] >> i should not laugh but it is so preposterous for the democrats to act like they are the save years. gerri: listen to this man. >> senator, how we hope the american autoworkers? >> hold on sweet. [laughter] >> that is worse than july 10. and winning fell ladies votes with the obnoxious behavior. >> that is something i have never seen. it is sold. metal think i have ever heard a politician call a
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woman journalist a suite. >> somebody is below you. with a gift is fine to call them that if you speak at your own level or above you but not below you. gerri: his defense is he does it all the time. look at the swing mitt romney is picking up women voters. >> the economy is of a huge issue. , doesn't matter the numbers they flash on the screen. but whatever they say people are out of work. mitt romney does i realize that.
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gerri: it is not just short-term. women are putting food on the table increasingly responsible for all finances. >> they know that obamacare will kill jobs and kill health care. you have to be a contributor or donor to get the special treatment. but if not you are screwed. gerri: great to see you. thank you for coming back. todaa's drop on wall street of a drop in the bucket from 25 years ago today. another controversial part of obamacare has hospital spending millions on glass screen tvs and other items. dr. marc siegel is here. at's nt?
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gerri: your own private waterfall is just rooms service, and mouthwatering menus. not a luxury hotel you can get all of this from a hospital bet. new rules tied to obamacare timing payments to patient happiness. we have dr. marc siegel. great to have you hear. >> it sounds good on the service.
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reward the hospital for getting patients to say we're so happy like it is the hotel. what happens to medical care? doctors perform a service. i don't care whether the surgeon nice than the patient to gets good marks for smiling. i hope the surgery goes well the federal government basing on consumer satisfaction with medical care is ridiculous. it is too much regulation to much of the federal government. >> in may have very little say how they're treated. >> look at the satisfaction survey. high-scoring hospitals receive bonuses and get cash at the end of the day the
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unintended consequence? some kind of pain relieving medication. >> a great point*. you will put the smiley face on a survey? i like the idea to say something positive, 95% of obamacare is negative. they're rewarded for giving medication on time. hospitals should be timely, nurses and doctors should be responsive. you don't to wait for care but a survey is not reliable. penalizing we admissions and getting away from the point* if you deliver a service you deserve to be paid. a cardiologists gets $280 for getting the at go. used to get 560.
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if you cut less than half from major service we try to see patients faster and not do a good job. gerri: one dr. riding a letter trying to get people galvanized not just for doctors but for patients. >> he is in the swing state of ohio. the jackson health survey says 65% of physicians will vote to four mitt romney. when you start telling doctors with a candor cannot do all so afraid of medicare independent advisor report. one treatment is better than another summit is not proven all of those are in jeopardy. >> if the affordable care is not socialized medicine it
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will lead to whip. not say liberal profession but a government job. >> it will lose quality because physicians can only be great patient by patience. more and more doctors who work for large group of private practice will be extinct people have nowhere else to go for ic a big problem for doctors under obamacare. over regulators. >> and businessmen. >> representing patience. >> i agree. he will be on the show next week. always good to see you. >> what of the darkest-- of wall street history d
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remember? twenty-five years ago today. what did we learn from that day? next.
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gerri: fox business alert. you heard it hear first. weak earnings drops 200 points for the worst day in four months. microsoft, general
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electric, a mcdonald's brought a bad end to a good week of trading. financial analysts had expected earnings to be lower than this time last year. the first decline in three years. they were right. with over 100 companies of us and the reporting down 3.5%. google continued the day after the earnings were accidentally released ahead of schedule. black monday 25 years ago today october 1987. suffering when the biggest crashes in history. the dow plummeted 23%. if that happened today the dow jones industrial average would sink more than 3,000 points. are the financial markets a for now? we have moody's chief economist. jon, it was the number one percentage loss ever in our history.
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what did you make of the drop? >> i was working at moody's %-sitting in front of of my screen. as the dow jones industrial average and the s&p 500 kept sinking and sinking. then there was quite a crowd of people around me staring at the same machine that was the blue-green screen and we could not get over what happened. we thought the bottom had fallen out. people immediately after said returned to the 1930's was inevitable. gerri: i was working my first business reporting job
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in virginia. the trader was talking to on the phone was crying because he was scared. crying. 500 8.does not sound like a lot today but we have drops all the time. much ado to technical glitch. could we lose 23% in one day ? >> never say never. remember the crash of october 87 was part of a byproduct of electronic type of trading. program trading you had sell, orders automatic the kicking and. to protect investors. gerri: some of that goes on
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today with high frequency trading. people are afraid we have seen big sell-offs. >> but recently they pull the plug on the source of the problem. october 19 nobody knew which plug to poll. gerri: polling the frrntpage of the "wall street journal" stocks are plunging amid panic. then "the new york times" with the headline across the page plunging 508 points 604 err million volumes a lot of people trading and scare that day. so many people were not even in the market then were relatively new are have no
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memory. is that good? >> we should always have a memory of that dark day. the equity market sell-off but the fundamentals and the market could recover rather quickly for only two years would pass before the equity market return to to the level prior to the crash. gerri: the google fiasco from yesterdayyis another nail in the coffin for investor confidence? >> it does not help. how could they trust management when it took so long to would mitt the earnings report was out there and much weaker than
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anticipated? john lonski always a pleasure. will be back with the answer to the question of the day. should the president apologized to families for calling the libya deaths not optimal? next. ocess -- from thought to trad on every screen. and all in real time. which makes it just like having your own trading floor, right your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easyo-use scottrader streaming quote it's another reason more investors are saying.. [ all ] i'm with sctrade. [ male announcer ] how do you make 70,000 trades a second.. ♪ reachne customer at a time? ♪
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but a national disgrace. we also asked you, 98% of you said yes, 2% said, no. log on to jerry gerri willis.coe there. finally tonight, he promised to have the most transparent presidency ever, but he's anything but transparent. he's not even being transparent about his first major piece of legislation, the stimulus, that was supposed to bring unemployment to 5%. by his own law, his own administration must issue quarterly reports on the law's effects through 2013, but according to the weekly standard the white house is now four reports behind schedule releasing the last one in june of 2011. i mean, it makes sense. why would the president advertise what a colossal waste of taxpayer money the stimulus law was, just months before a presidential election? that's my two cents more. got a lot coming up on monday. the candidates set to face off in their third ask final debate before the election. we'll get a preview with
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republican congressman jason chaffetz of utah and republican strategist ed rollins. thaaks for joining us. have a great night, and we'll see you right back here next week. ♪ ♪ lou: good evening, everybody. with 18 days until the presidential election, governor romney is maintaining his slight lead in the national polls over president obama. the republican nominee has moved above 50% in key polls, maintaining that level with just over two weeks from election day. and that is historically a strong indicator of victory in november. the polls turned positive for governor romney quickly after the first debate and have strengthened since. th

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